Re: Amex Blue Cash Denial.

I don't hate Amex. Notice how I told OP to recon for Amex. I do hate AFs tho.

What I don't like is that ppl give advice that hurt ppl on this forum when we really don't know what will really happen when some trys to PC or apply.

In the end you should never call people "suckers" for paying a high annual fee. Many people think the same but never really study the benefits of cards with annual fees.

Like Blue Cash Everyday $0 annual vs Blue Cash Preferred $75 annual

The numbers are also based off $6,000 new cap limit on grocery purchases next year due to people abusing the privledge with gift card purchases (6% on everything)

I got the annual fee version cause my parents own business in the food industry, we regularly shop at local grocery in binds, plus regular food costs we would greatly out weight the annual fee.

Do the calculations and annual fees can be worth WAY more than their weight. Personally a person should ALWAYS crunch numbers before applying for ANY card with or without annual fees. Personally I don't see any reason to have 10+ credit cards. I don't even see a real reason to get a 5% Gas card in my situation because

I get 6% gas on Freedom categories by transfering freedom to chase and use it for travel 6 months out of the year and BCP does 3% all year so that averages to 4.5% which is good enough for me since having another card won't save me much.

Re: Amex Blue Cash Denial.

For the record. I think charge cards are an excellent way to train yourself in responsible charge usage. I received my AF back after 2 months of using my card. Also have gone from over $600 in overdraft fees to a big fat zero

The ability to manage my cash flow and float an unlimited amount (NPSL) work expenses without affecting utilization is priceless.

Re: Amex Blue Cash Denial.

webhopper wrote:For the record. I think charge cards are an excellent way to train yourself in responsible charge usage. I received my AF back after 2 months of using my card. Also have gone from over $600 in overdraft fees to a big fat zero

The ability to manage my cash flow and float an unlimited amount (NPSL) work expenses without affecting utilization is priceless.

Personally I wish ALL credit cards were CHARGE cards, if there was nothing else then a LOT less people would be wary of spending beyond their limits, instead of 20-30% APR going to credit card companies the average person would have access to that instead.

I would love to see a new law pass that allows 15-17 year olds to be able to apply for CHARGE cards to help train them for responsible usage of CREDIT cards. Regardless whatever you have Charge cards or Credit cards revolvers or whatever you like to call it you should NEVER EVER spend more than you can pay off.

Re: Amex Blue Cash Denial.

distantarray wrote:

Personally I wish ALL credit cards were CHARGE cards, if there was nothing else then a LOT less people would be wary of spending beyond their limits, instead of 20-30% APR going to credit card companies the average person would have access to that instead.

I would love to see a new law pass that allows 15-17 year olds to be able to apply for CHARGE cards to help train them for responsible usage of CREDIT cards. Regardless whatever you have Charge cards or Credit cards revolvers or whatever you like to call it you should NEVER EVER spend more than you can pay off.

Having a charge card does not stop you from buying more than you can pay off. The only difference is that the card will be closed and then you are left with nothing just because you ran into an emergency. I personally do not ever revolve a balance, but think the option should be there for people that do. I really wonder how people get themselves into a bad credit situation. I was never tempted to spend more than I could pay off when I first got a credit card at 19. At 20 I decided to finance a watch for twelve months and no interest. I even paid it off five months early.

Really, credit is just common sense. Pay on time and do not spend more than you can pay off. I do not believe anyone under 18 should be able to get a card of their own. If they default it would go to the parents and if I was a parent I would not be happy about that. A contract is not enforceable for someone under 18, so they would really have no obligation to pay anything.

Charge cards are just not for me as I am a sucker for zero interest periods. Especially with a new business; being able to get inventory and not have to pay it off right away is nice. I also like the fact of knowing exactly what the limit on the card is, and I like for other lenders to know. You may be able to spend 50000 on a charge card but with no limit reporting another lender will not know that. If the high balance was only $1000 sometimes that may be misunderstood as the limit. I am not just speaking of American Express charge cards, others like Chase and US Bank are the same.

Re: Amex Blue Cash Denial.

Distantarray +99999999999999

Btw I do believe young people under 18 should be able to get their own credit cards. Not everyone is irresponsible. I've been taking care of my family's financial decisions since I was 9,10 and had to wait to be 18 to get my own credit card ffs.

A good way would be to give everyone the option to get a credit card they can use at young age, even with toy limit. Say since you turn 15. Keep it in good standing and when you are 18 and with a job, close it, pc it to a real card depending on your income and spending patterns.

Starting at 18 with the world turning its back on you sucks and not everyone should go through that.

1,213 miles driven per month seems extreme and most likely unrealistic for most ppl.

I don't know if you realize according to the national average reported by Department of Transportation the average driver in America drives about 13,500 miles a year which is about what you claim is "extreme and most likely unrealistic"

1,213 x 12 = 14,556 miles a year. 12-15k miles is considered normal. I drive a Lexus IS and it's not a SUV or a Truck and I spend about that driving back and forth to work and going out on the weekends.

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IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.